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Krispy Kreme is poised to become a public company once again, the chain announced Tuesday.
The brand said it confidentially submitted a draft registration statement to the SEC related to the IPO of its common stock. Krispy Kreme has not yet determined the number of shares to be offered and the price range for the proposed offering.
"The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions," the company said in a statement.
In 2020, the company opened 70 units. Dutch Bros Coffee is reportedly weighing an IPO for later in 2021, according to Bloomberg. The Oregon-based chain, which has more than 450 units, is seeking to be valued at around $3 billion, sources told the media outlet. The company has talked to advisors, but no final decision has been made on the matter. Dutch Bros prides itself as being the largest privately owned coffee chain in the U.S. In October 2018, the chain announced that private equity firm TSG Consumer Partners had acquired a minority stake. Financial terms of the deal weren’t disclosed. At the time, Dutch Bros expected to leverage TSG’s expertise and resources to reach 800 stores in five years and attract talent, employ innovative technology, and use business intelligence and data to advance operations.
Companies are facing a labor shortage, despite a 6% unemployment rate. AP Photo/Nam Y. Huh Experts say that a number of factors are making it difficult for companies to hire, despite an unemployment rate of 6%. Enhanced unemployment benefits, workers' concerns about catching COVID-19, and the rapid reopening of businesses are all cutting into the number of potential candidates. Even before the pandemic, many lower-paying jobs were struggling to hire. "We're going to go back to that really competitive marketplace for labor," said Marc Wulfraat, the president of logistics consulting firm MWPVL. "It's going to be a shock to companies that are paying low wages," Wulfraat added. "They're going to be the ones that are hit the worst, because all that low-wage labor is going to find a home elsewhere — where there's more money to be made."
Mochinut Doughnut Chain Expanding to Convoy eater.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eater.com Daily Mail and Mail on Sunday newspapers.
Sharon Stone with Anderson Cooper Writers Bloc presents an evening with actress Sharon Stone who discusses her book, The Beauty of Living Twice, with CNN's Anderson Cooper. In this memoir, Stone discusses her triumphs and disappointments, her struggle to recover from a massive stroke and her charity work for HIV/AIDS causes and poverty and education in Africa. Attendees are asked to support authors and local bookstores by preordering a copy of The Beauty of Living Twice from Skylight Books. Singer/songwriter Brandi Carlile (L), with British actress Catherine Shepherd, poses with her awards during the 61st Annual GRAMMY Awards in 2019. (Amanda Edwards/Getty Images)
April 8 2021, 2:56 pm | BY Kim Shaw | No Comments The big winners of the ADFEST 2021 Lotus Awards were announced moments ago at today’s online ceremony. With 62 jurors, the judging process was guided by Grand Jury President Judy John, Global Chief Creative Officer at Edelman, Toronto.
Jimmy Lam, President of ADFEST, said: “We would like to thank everyone who entered ADFEST 2021 in spite of the challenges we faced as an industry last year. We thank you for sharing your ideas with the world and for showing how in dark times, the most innovative creative ideas shine bright.” ADFEST’s highest accolade is the ‘Grande’ trophy and only 4 of these Grande awards were awarded this year:
AdFest 2021 Lotus Awards: TBWA\Sydney and Leo Burnett Melbourne score Grande trophies; Mindshare Sydney named Media Agency OTY – Campaign Brief campaignbrief.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from campaignbrief.com Daily Mail and Mail on Sunday newspapers.
Nikkei ends sharply lower on BOJ's ETF decision japantimes.co.jp - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantimes.co.jp Daily Mail and Mail on Sunday newspapers.
The 83-unit fast-casual chain known for ‘damn good’ tacos is accelerating growth The next restaurant chain to go public may be the fast-casual Torchy’s Tacos. Bloomberg reported last week that the Austin, Texas-based fast-casual chain has hired Morgan Stanley and Bank of America Corp. to explore a proposed initial public offering this year. The report indicated Torchy’s could raise an estimated $300 million and have a valuation of about $1 billion. Company officials did not immediately respond to requests for comment. If the IPO comes to fruition, the 83-unit Torchy’s will join a small handful of chains to take the traditional going-public route in recent years, including Muscle Maker Grill, Kura Sushi and multichain operator FAT Brands. Both Blaze Pizza and MOD Pizza have also been rumored for some time to be readying for public offering.